Y.T. Realty (00075) announced that as of June 30, 2024, during the 6-month period, the group expects to achieve a net amount of estimated comprehensive surplus attributable to shareholders between approximately 10 million Hong Kong dollars and approximately 20 million Hong Kong dollars.
According to the announcement, Y.T. Realty (00075) expects to achieve a net amount of estimated comprehensive surplus attributable to shareholders between approximately 10 million Hong Kong dollars and approximately 20 million Hong Kong dollars as of June 30, 2024, during the 6-month period, compared to a net loss of 0.117 billion Hong Kong dollars in the same period last year.
The announcement stated that the expected return to profitability is mainly due to an increase in property sales revenue, which has increased net income, and a decrease in revaluation losses on investment properties by the group, offset by impairment losses on certain property development projects.
